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Weekly forecast Australian Dollar / Swiss Franc technical chart
Symbol AUDCHF

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Trade Setup

#AUDCHF
Total Profit: 288 pip
Closed trade(s): 288 pip Profit
Open trade(s): 0 pip Profit
_______________________________________________
Trade Setup:
We opened 10 SELL trade(s) @ 0.7549 (day close price) based on 'Peak' at 2016.12.14 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/AUDCHF...

Closed Profit:
TP1 @ 0.7480 touched at 2016.12.16 with 69 pip Profit.
TP2 @ 0.7330 touched at 2016.12.30 with 219 pip Profit.
69 + 219 = 288 pip

8 other break-even trades closed at entry price, therefore no profit no loss.
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (0.7595 to 0.7715). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.7595)
    • Resistance on 12/16/2016
    • Resistance on 12/15/2016
    • Resistance on 12/14/2016
    • Resistance on 12/13/2016
    • Resistance on 12/12/2016
    • Resistance on 12/09/2016
    • Resistance on 12/08/2016
    • Resistance on 11/30/2016
    • Resistance on 11/29/2016
    • Resistance on 11/28/2016
    • Resistance on 11/10/2016
    • Resistance on 11/09/2016
    • Resistance on 11/08/2016
    • Resistance on 10/27/2016
    • Resistance on 10/24/2016
    • Resistance on 10/21/2016
    • Resistance on 10/18/2016
    • Peak on 04/21/2016
    • Resistance on 04/21/2016
    • Resistance on 04/20/2016
  • Ending of entry zone (0.7715)
    • Resistance on 03/17/2015
    • Resistance on 03/16/2015
    • Trough on 02/03/2014
    • Trough on 01/30/2014
    • Trough on 01/29/2014
    • Trough on 01/28/2014
    • Trough on 01/27/2014
    • Trough on 01/24/2014
    • Support on 01/24/2014

DateJanuary 14, 2017 - 09:30
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.

Technical analysis:

  • A trough is formed in daily chart at 0.7275 on 12/30/2016, so more gains maximum to Trend Hunter Sell Zone (0.7595 to 0.7715) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 61.

Take Profits:

  1. 0.7480
  2. 0.7330
  3. 0.7230
  4. 0.7065
  5. 0.6930
  6. 0.6805
  7. 0.6700
  8. 0.6540
  9. 0.6035
Click on the level to view price action history.

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